In the good books
Credit Corp Group (CCP) was upgraded to Add from Hold by Morgans. B/H/S – 2/0/0. Morgans does not believe there are any legitimate concerns raised from the recent anonymous report published on Credit Corp. The broker suggests, despite the attempt to damage the company's reputation, it is unlikely the risk of access to funding has increased. If mainstream banks decide not to lend the funds then alternative, albeit more expensive, funding options would be available. The broker believes fundamentals are solid and the three-year growth profile attractive.